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there's a certain amount of uncertainty going into the election, obviously, zero interest rates, tax code changes imminent at some time, and a global market looking reasonably unsteady. if you think about the advisor view, it's a long one. they give assurance to their clients but we're finding all-time lows in the assurance they're going to need to provide to clients. we're seeing client advisors, and advisors tightly aligning around the long term plan. it's a little more bullish than the bearish sentiment we've been seeing. >> susie: meanwhile, in this period of upcertainly, take a look at what some of the investment choices have been, saying less money, and small cap stocks going into etfs, real estate and cash. what are your thoughts on this? >> the advisors are keenly focused on providing liquidity and transparency for clients. at the same time they're doing that, they need to bring a little more income into the portfolio. so you're starting to see alternatives. register alternatives, and real estate investment trusts. >> this is the first time since we've been doing the survey w
there's a certain amount of uncertainty going into the election, obviously, zero interest rates, tax code changes imminent at some time, and a global market looking reasonably unsteady. if you think about the advisor view, it's a long one. they give assurance to their clients but we're finding all-time lows in the assurance they're going to need to provide to clients. we're seeing client advisors, and advisors tightly aligning around the long term plan. it's a little more bullish than the...
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and obviously a little more personals on taxes and promise the. >> yeah. you have been a team now for 25 years. >> right. >> the most successful team, i would say, since huntly brinkley whom you don't remember. i do. long-running team. very successful. what's next for you as journalists? >> i think that making that transition into english language and being able to reach all audiences and what i mean is not only hispanics that speak english but all audiences, to understand who we are. i think to elevate the position of latinos in this country and the role of latinos in this society is something that we sort of take on as a mission. >> to stay relevant it's very challenging right now to stay relevant when you have the internet, when you have social media. it's very difficult that your voice stays relevant and nothing gets lost among the noise. i think that's one of the most important things. and finally it has to do with trust. after 25 or 30 years if we say something and people trust what we say, that's the best a zblard maria and george, this has been a p
and obviously a little more personals on taxes and promise the. >> yeah. you have been a team now for 25 years. >> right. >> the most successful team, i would say, since huntly brinkley whom you don't remember. i do. long-running team. very successful. what's next for you as journalists? >> i think that making that transition into english language and being able to reach all audiences and what i mean is not only hispanics that speak english but all audiences, to...
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according to the tax policy center, last year the bush tax cuts increased after -- after tax incomes for people making over $1 million by an average of 6.2%. that's about $129 a household but for those with incomes between $40,000 and $50,000 the increase was 2.2%. over time, our tax code has wydened the nation's wealth gap. reversing this trend ought to be a top goal of tax reform. at a minimum we certainly should not make the tax code any less progressive than it would be if the high income tax cuts expired. but in 1986 approach -- sorry, in 1986 style approach that promises upfront rate cuts to the wealthy is almost guaranteed to give middle income earners the short end of the stick. the reason is in order to raise enough money to both reduce rates and cut the deficit you would need to slash deductions and credits on a far greater scale than we did in 1986. middle income earners would not be spared. and because middle income earners so rely on these expenditures, the cost of losing them would likely exceed the benefit they received from a lower great. multiple experts verified tha
according to the tax policy center, last year the bush tax cuts increased after -- after tax incomes for people making over $1 million by an average of 6.2%. that's about $129 a household but for those with incomes between $40,000 and $50,000 the increase was 2.2%. over time, our tax code has wydened the nation's wealth gap. reversing this trend ought to be a top goal of tax reform. at a minimum we certainly should not make the tax code any less progressive than it would be if the high income...
SFGTV2: San Francisco Government Television
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it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against this proposition? >> i agree with everything supervisor chiu said about payroll tax. if this measure were revenue neutral, if it were substituting a gross receipts tax for a tax on payroll, the libertarian party would have supported it. but unfortunately some people at city hall got greedy and so the measure is actually a 25.8 million dollars a year tax increase. during a recetion, people are suffering, many people unemployed, many people in san francisco are earning minimum wage, thousands of course on our streets. it's the wrong time to be raising taxes on businesses because the largest employers, of
it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against...
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your man's the only guy who thinks tax reform means higher tax rates. you're the only one. >> can i please respond here? >> i want you to. >> in every single budget he has produced, there has been a cap on itemized deductions for people above $250,000. they can only deduct the 28%, not 35% or 39%. and it raises half a trillion dollars over ten years. it's in every one of his budgets. please don't tell me it's not. i can show you where it is. >> arthur laffer, explain this to me. >> the key here is lowering rates. jared, i do agree with you, we need to raise taxes. but we don't need to raise tax rates. what we need to do is increase growth output employment and get -- you can't balance the budget on the backs of the unemployed. it just doesn't happen. >> i agree. art, you are 100% right. and by the way, i'm not where you guys are on the lower -- >> you will be with us soon, jared. >> you're elasticties for your tax rate declines are way too large, in my humble opinion. but i'm ready to go with you if you can identify how you're going to fill that hole. m
your man's the only guy who thinks tax reform means higher tax rates. you're the only one. >> can i please respond here? >> i want you to. >> in every single budget he has produced, there has been a cap on itemized deductions for people above $250,000. they can only deduct the 28%, not 35% or 39%. and it raises half a trillion dollars over ten years. it's in every one of his budgets. please don't tell me it's not. i can show you where it is. >> arthur laffer, explain...
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and so scratch the average republican today, and he'll say, "tax cuts, tax cuts, tax cuts." >> cut taxes. >> cutting taxes. >> make the tax cuts permanent. >> it's rank demagoguery. we should call it for what it is. if these people were all put into a room on penalty of death to come up with how much they could cut, they couldn't come up with $50 billion when the problem is $1.3 trillion. so to stand before the public and rub raw this anti-tax sentiment, the republican party, as much as it pains me to say this, should be ashamed of themselves. >> this from ronald reagan's old budget director, architect of the largest tax cut in american history? but he doesn't let the democrats off the hook. he says he cringes when he hears the president say things like this. >> i believe we ought to make the tax cuts for the middle class permanent. >> we have now got both parties essentially telling a big lie, with a capital "b" and a capital "l," to the public, and that is that we can have all this government, 24% of g.d.p., this huge entitlement program, all of the bailouts, and yet we don't have to t
and so scratch the average republican today, and he'll say, "tax cuts, tax cuts, tax cuts." >> cut taxes. >> cutting taxes. >> make the tax cuts permanent. >> it's rank demagoguery. we should call it for what it is. if these people were all put into a room on penalty of death to come up with how much they could cut, they couldn't come up with $50 billion when the problem is $1.3 trillion. so to stand before the public and rub raw this anti-tax sentiment, the...
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. you can see. ds like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. 100% natural. it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management everyone in the nicu, all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you changes in light of having a child that needs you every moment. i wouldn't trade him for the world. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. if you're caring for a child with special needs, our innovative special care program offers strategies that can help. >>>
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. you can see. ds like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. 100% natural. it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious....
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Oct 10, 2012
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it cuts taxes further. beyond the bush tax cuts for the wealthy. i think there's still a lot of back and forth flip-flopping whatever you want to call it strategic ambiguity what mitt romney is saying. host: let's go to stamford, connecticut,bob you're up next. caller: good morning. i'm an informed voter and i spent 30 plus years in the consulting industry and i don't know how to create jobs and people would have you believe is possible. there's a number of factors that led to the current condition and i don't hear anybody talking about what's going to be done to alleviate those factors. going to give you a couple examples. one is the banks. the availability of money. two, is the confidence in wall street. so many got burned, very few people private investors, want to take chance on investing money. three oil, the war in iraq, restricted the flow out of one of the major producers when congress petitioned for that oil around the world which was increasing at a dramatic rate. finally, new industries, previously in all of the recoveries there were alw
it cuts taxes further. beyond the bush tax cuts for the wealthy. i think there's still a lot of back and forth flip-flopping whatever you want to call it strategic ambiguity what mitt romney is saying. host: let's go to stamford, connecticut,bob you're up next. caller: good morning. i'm an informed voter and i spent 30 plus years in the consulting industry and i don't know how to create jobs and people would have you believe is possible. there's a number of factors that led to the current...
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. >>> we start the second half of [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with th
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. >>> we start the second half of [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. a body at rest tends to stay at rest......
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as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment in this country, and you can do a lot of this by generating growth, getting rid of deductions, getting rid of a lot of the credits, getting rid of a lot of the loopholes and that is the plan he will put forward to congress. >> here's the thing. dan, here's the thing. nobody disputes that he intends to do some of this. what we don't know is how he intends to do it, and the specifics and until we get that, i think barack obama is perfectly entitled at the next two debates to take him on it, say hang on, you're cutting taxes by $5 trillion but what are you actually going to do to make up the $5
as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment...
SFGTV2: San Francisco Government Television
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that is to move our payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank you. >> thank you sir. the next question the city's liabilities are projected to increase in the next coming year. s what new or increased fees should it institute and i will repeat the question and we will begin with mr. crowley. >> i would say that one of the bigger things that we will have before us is the gross receipts tax check that norman talked about trading from the payroll tax which is punitive. the next thing i would do is increase the foot print on mos sony center and that brings in a lot of money to the general fund and erect a multi-purpose ar
that is to move our payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank...
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is a poll tax constitutional or unconstitutional? >> poll tax would be. i don't understand -- that's like saying to drive on a road is a poll tax -- you have to get a license to enter a government building there is a poll tax because you have to show a photo i.d. to get government been pits a poll tax because you have to show i.d. to get those benefits. so -- if that's your standard, a, it is against 70% to 80% of -- >> poll tax only deals with when you are going to the polls. poll tax only deals with -- poll tax really only deals when you are going to the polls. >> i know what a poll tax is. >> driving on a road and getting a lines, that's not a poll tax. going into a government build sing not a poll tax. flying on an airplane and showing your passport is not a poll tax. going to vote and having to prove who you are but having to go out and spend money on getting that i.d. or driving positive miles because you don't have an i.d. place in your town and you have to drive this distance to get one, that is a poll tax. that costs you money. >> as far as i'm a
is a poll tax constitutional or unconstitutional? >> poll tax would be. i don't understand -- that's like saying to drive on a road is a poll tax -- you have to get a license to enter a government building there is a poll tax because you have to show a photo i.d. to get government been pits a poll tax because you have to show i.d. to get those benefits. so -- if that's your standard, a, it is against 70% to 80% of -- >> poll tax only deals with when you are going to the polls. poll...
SFGTV2: San Francisco Government Television
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you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay terminal next to bart, next to cal train this is a great project and has so much commuter friendly things going on there, and as far as i am concerned when it comes to development in san francisco it's got to stop. >> all right. thank you sir. >> there are three parts of the economy, the consumer, the investment and the government. the only reason thing that has grown on a rapid rate is the government. the government gets their revenues through taxation or borrowing money. the problem is the regulations are hurting small businesses. 2/3 of all jobs are created by small business which are considered -- cha
you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay...
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taxes or not support a tax reduction. 94 times. now, that's not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more of what we earn and produce. government's going to have to learn to be more efficient and live with less if that's what it takes to rein in the government growth that we've seen today. but we do need tax relief, and barack obama even supported increasing taxes as late as last year for those families making only $42,000 a year. that's a lot of middle income, average american families, to increase taxes on them? i think that is a way to kill jobs and continue to harm our economy. >> moderator: senator? biden: charge is absolutely not true. barack obama did not vote to raise taxes. the vote she's referring to, john mccain voted the exact same way. it was a budget procedural vote. john mccain voted the same way, it did not raise taxes. number two, using the standard that the governor uses, john mccain voted 477 times to raise taxes. it's a bogus sta
taxes or not support a tax reduction. 94 times. now, that's not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more of what we earn and produce. government's going to have to learn to be more efficient and live with less if that's what it takes to rein in the government growth that we've seen today. but we do need tax relief, and barack obama even supported increasing taxes as late as last year for those families making...
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this ignores theroperty taxes, forgave annually for business taxes. it's more than just $150 million; right? >> oh, absolutely. that gets to the heart of the problem with government subsidies is that these companies, once dependent on the federal government and the taxpayers' dollar, they stay dependent on the government's dollar. that's why w see programs like the ethanol policy continually dependent on the governmnment sie 1978 and once they get stuck on this government dependence, it's hard to wean them off because they really don't understand their true cost point, and they don't ha that true incentive to be competitive. gerri: they exploit the money, go after it, they know how to do it. nick, congressman, thank you for coming on tonight i line illumig this program. i hope you both come back, thank you. >> thank you. >> thank you. gerri: all right. many employers cutting back, restaurantin seeing the strongest year in a decade, by the hiring boom comes from a caveat. they a rt-time jobs. our guest yesterday told us why that is obamacare. >> if you
this ignores theroperty taxes, forgave annually for business taxes. it's more than just $150 million; right? >> oh, absolutely. that gets to the heart of the problem with government subsidies is that these companies, once dependent on the federal government and the taxpayers' dollar, they stay dependent on the government's dollar. that's why w see programs like the ethanol policy continually dependent on the governmnment sie 1978 and once they get stuck on this government dependence, it's...
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versus the capital gains tax. if the dividend tax becomes higher than the capital gains tax, it might pay to sell your stocks and get your income from selling 5% of the corpus of your portfolio as opposed to taking a 5% dividend. these are the type of issues i think people aren't really thinking about when it comes to the changes in the tax laws and what should we do. we're all just searching for income. it may be you want to take capital gains. >> i do think a lot of these questions are going to be head winds for the market. i think, you know, overall when you do have a lot of this uncertainty about how are my investments going to be treated, i think you can see a lot of people just start to pull money off the table, except maybe where you see companies that are actually showing some enthusiasm that we see a possible pattern. >> if i could point out the alternatives here, guys. we didn't talk about buying back stock. there's evidence that may be a very effective investment strategy as well. i know this has been a
versus the capital gains tax. if the dividend tax becomes higher than the capital gains tax, it might pay to sell your stocks and get your income from selling 5% of the corpus of your portfolio as opposed to taking a 5% dividend. these are the type of issues i think people aren't really thinking about when it comes to the changes in the tax laws and what should we do. we're all just searching for income. it may be you want to take capital gains. >> i do think a lot of these questions are...
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut? when he is asked how he will cut the deficit, he says economic the mathematics work by eliminating public funding for pbs. this is not new. this is what he has been saying every time he is asked a question. he says we can cut out pbs. for all you moms and kids, don't worry, somebody finally has found out the big bird. who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a trash can. governor romney will let wall street run rampant but he will bring down the hammer on sesame street. that is not leadership. that is salesmanship. we cannot afford it,. we cannot afford to double down on top down economics. we cannot afford another round of tax cuts for the well. we cannot afford to roll back regulations on wall street banks or insurance company. we cannot afford to cut our investments in education or clean energy or research or technology. that's not a jobs plan. does not plan to grow the economy. that is not change. that is a relapse. we have be
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut? when he is asked how he will cut the deficit, he says economic the mathematics work by eliminating public funding for pbs. this is not new. this is what he has been saying every time he is asked a question. he says we can cut out pbs. for all you moms and kids, don't worry, somebody finally has found out the big bird. who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a...
SFGTV2: San Francisco Government Television
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a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves? well, i'm happy to report that we're long last at reforming our business tax structure. we're going to stop taxing jobs and we're going to help companies large and small start here, stay here and grow right here. and we need to protect existing jobs at the same time we spur job creation. in our consensus measure we'll generate new revenue for housing, for economic development and critical infrastructure like our roads and muni, investments that will help our workers and our businesses. and because we are growing and a vibrant economy we require a growing and diverse supply of housing. so we need a housing trust fund. that's proposition c creating a permanent fund
a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves? well, i'm happy to report that we're long last at reforming our business tax structure....
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trushim here... how could we ever trust him here? >> you are watching abc news at 11:00. >> now we turn to the sex abuse scandal at penn state where does send this shery between 30 ando years -- jerry sandusky was sentenced. got reaction from local state graduate. >> even the judge today called sandusky statements unbelievable, the fact that he continues to maintain his innocence has not only the but formergusted graduates that are already focused on the new era. >> his penn state routes run deep. his sister is in the heart of state college. 'sroject during -- sandusky today up 30 years in prison at 68 durso, the former l bestant football coach wil locked up for life. the convicted pedophile spoke the court, maintaining his innocence. the same denial he gave us last night. >> they can treat me as a takeer, but they cannot away my heart. in my heart, i know i
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trushim here... how could we ever trust him here? >> you are watching abc news at 11:00. >> now we turn to the sex abuse scandal at penn state where does send this shery between 30 ando years -- jerry sandusky was sentenced. got reaction from local state...
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we need to avoid the $500 billion tax increase the scale of the tax hikes if nothing is done. i'm hopeful we will avoid the massive tax officer. >>neil: look forward to seeing you in person tomorrow, in kentucky. thank you very much, sir. >> and now eric and what coming up on "the five." >>eric: we will look at what is going on in benghazi and the hearings and find out what we knew, who knew what, when, whether there is a coverup, what going on and why we are only now finding out that the white house says one thing and the state department says something completely different. we will look into that. then well turn our tables to some media bias. tomorrow night is the big vice presidential debate. we want to know why it took the "daily caller" to find out one of the moderators of the debate was a close friend of president obama 20 years ago president obama attended her wedding the we will bigg indo -- we will dig into that. neil you talked about business leaders are pushing back from president obama colleaguing steve wynn and josh welch and mr. otis and head of white castle. we
we need to avoid the $500 billion tax increase the scale of the tax hikes if nothing is done. i'm hopeful we will avoid the massive tax officer. >>neil: look forward to seeing you in person tomorrow, in kentucky. thank you very much, sir. >> and now eric and what coming up on "the five." >>eric: we will look at what is going on in benghazi and the hearings and find out what we knew, who knew what, when, whether there is a coverup, what going on and why we are only...
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there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, romney is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach it that way. that's going back and relegating all the old arguments. in spirit what i would do, unlike shrumy, i would take the big issue that is separating the candidates, don't get into the little trench warfare about what's your tax plan and where were you on medicare two weeks ago. i would sa
there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, romney is at 47%. i think the president, the fundamental structure...
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Oct 10, 2012
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in the last debate, no, he does not plan a tax cut but he says he plans a tax cut -- a 20% tax cut across the board. there are a number of ways -- i've witnessed once when mitt romney once said he was pro gay adoption. and the very next day he said he was staunchly against it. so, to call someone out on their mistruthings and lies, that's not poor sportsmanship. that's like saying someone who entered a race who was doping and you call them on doping, you know, is guilty of poor sportsmanship. the person who is guilty is the person who is cheating. >> yes, indeed. ken, mr. romney tells wolf blitzer that will be a preference, in his words, for home mortgage deduction and charitable contribution, so to make up for the tax cuts, what ducks will go away? have you found them? >> this has been a great challenge of covering the campaign where there isn't -- >> this is a bigger mystery than the loch ness monster, no one can find them. >> that's one thing democrats will press him on. they've tried with a high degree -- to point out that is not -- the math is not working here, that's one of the thin
in the last debate, no, he does not plan a tax cut but he says he plans a tax cut -- a 20% tax cut across the board. there are a number of ways -- i've witnessed once when mitt romney once said he was pro gay adoption. and the very next day he said he was staunchly against it. so, to call someone out on their mistruthings and lies, that's not poor sportsmanship. that's like saying someone who entered a race who was doping and you call them on doping, you know, is guilty of poor sportsmanship....
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massive tax officer. >>neil: look forward to seeing youin person tomorrow, in kentucky. thank you very much, sir. nd ic whom n"t five." >>eric: we will look at what is going on in benghazi and the hearings and find out what we knew, who knew what, when, whether there is a coverup, what going on and why we are o no nd oat w h ys t tst pants thg mpletely different. we will look into that. then well turn our tables to some media bias. tomorrow night is the big vice presidential debate. we want to know why it took the "daily calle to ft o waosie orent obama 20 years ago president obama attended her wedding the we will bigg indo -- we will dig into that. neil you talked about business leaders are pushing backrom presidmaolui evnn a j wan mr. otis and head of white castle. we will look at that and have fun with pickinon bl. th wh w attacked for supporting mitt romney, an african-american actress. she stood herround and she doubled down on it and we will talk about that. >>neil: thank you, eric. nd tmbas worried
massive tax officer. >>neil: look forward to seeing youin person tomorrow, in kentucky. thank you very much, sir. nd ic whom n"t five." >>eric: we will look at what is going on in benghazi and the hearings and find out what we knew, who knew what, when, whether there is a coverup, what going on and why we are o no nd oat w h ys t tst pants thg mpletely different. we will look into that. then well turn our tables to some media bias. tomorrow night is the big vice...
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Oct 10, 2012
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history shows when you raise taxes on the 1% of people that pays 42% of the taxes, you will collect less money. the big fundamental issue is, what are we doing on the constructive part of the economy? we have to address them. >> ok. >> george bush entered into a deal that was supposed to be balanced. the trade-off was reduce spending. the higher taxes were immediate. the reining in spending was to come later. we are still waiting. the negotiations are very complex. there are a lot of pieces to it. everything is going to end-of being on the table. there is no question that you need to curb long temp entitlement costs. it is the number one spending program in the government. that will need to be looked at and a whole bunch of other things are complex. you cannot do one without looking at everything. >> very briefly i want to ask the things you think need to be done to restore business competitiveness over the course of the next four years of whoever wins the presidential election on november 6. >> i am 100% certain they can all be done. will they? i think there will be enormous pressure fo
history shows when you raise taxes on the 1% of people that pays 42% of the taxes, you will collect less money. the big fundamental issue is, what are we doing on the constructive part of the economy? we have to address them. >> ok. >> george bush entered into a deal that was supposed to be balanced. the trade-off was reduce spending. the higher taxes were immediate. the reining in spending was to come later. we are still waiting. the negotiations are very complex. there are a lot...
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more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what you have got to start asking those guys to start paying their fair share of taxes. when the middle class is disappearing, you can't cut social security -- and by the way, the so-called chain cpi, one way to cut social security would not only hit the elderly and disabled it would also hit disabled veterans. you don't make massive cuts in medicaid or medicare so i think this issue is very very clear. which side are we on? are we going to protect the wealthiest people in this country, the largest corporations eliot, one fourth of profitable corporations pay nothing in taxes. we are losing about $100 billion a year because the weal
more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what you have got to start asking those guys to start paying their fair share of taxes. when the middle class...
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tax the citizens of montgomery county for transportation? no. i don't think so. >> the state already has a 23.5-cent per gallon gas tax included in the price we see at the pump. how much of an increase would we be talking about? >> most people talking about a statewide gas tax, we're talking about between 5 cents and 10 cents. >> the reaction among drivers was mixed. >> i would certainly support it. if it would help improve the transportation. >> i think that just keep raising rates right now and so many people are struggling to get by is not always the answer. we can't keep taxing people. >> now the earliest we would see any action on this would be january. he hopes to meet with the governor and state legislatures to discuss what can be done in time for the next session of the general assembly. brian, over to you. >>> prosecutors will not seek the death penalty in a montgomery county murder case. that decision revealed today during a pretrial hearing. heats accused of killing his estranged wife and beating her son with a baseball bat. the body
tax the citizens of montgomery county for transportation? no. i don't think so. >> the state already has a 23.5-cent per gallon gas tax included in the price we see at the pump. how much of an increase would we be talking about? >> most people talking about a statewide gas tax, we're talking about between 5 cents and 10 cents. >> the reaction among drivers was mixed. >> i would certainly support it. if it would help improve the transportation. >> i think that just...
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Oct 10, 2012
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the president is saying that you say romney's tax plan we will end up raising taxes on middle-class. is that what you said? >> that's absolutely not what i said. what i said is that he can cut rates on the very highest income taxpayers and get rid of loopholes and tax preferences, he can make up enough money for those people at the high end to not end up paying more, don't end up paying less. if they don't have to pay less than the people below them don't have to pay more. that's what i showed. mathematically possible for the romney plan to work. i did not show or claim that middle-class people would have to pay more. there is nothing in my paper that states that. nothing in my paper that implies that, nothing in the numbers that would support that conclusion. gerri: professor, the administration that is saying 180 degrees the opposite of what you said. >> exactly. gerri: completely misinterpreting what you said. tell me about your analysis of mitt romney's plan. what would be the ultimate effect of raising -- lowering tax rates by 20% on everybody. take away some of these deductions
the president is saying that you say romney's tax plan we will end up raising taxes on middle-class. is that what you said? >> that's absolutely not what i said. what i said is that he can cut rates on the very highest income taxpayers and get rid of loopholes and tax preferences, he can make up enough money for those people at the high end to not end up paying more, don't end up paying less. if they don't have to pay less than the people below them don't have to pay more. that's what i...
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Oct 10, 2012
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tax the rich, tax the rich. look you're allowed to be rich. of course you want to build the largest house. somebody has got to have the largest house. that is not the issue. the issue is this guy then turns around and says this. if any new taxes are levied on me or my company as our current president plans i will have no choice but to reduce the size of this company. that is an obvious threat to his employees you better vote for romney or i'm going to fire you. it appears do you have another choice. perhaps you could reduce the size of your house. but oh no, no, no, you better not tax me another cent otherwise i'll fire all my workers. which would be a great brilliant business strategy. how would you run a company without workers. then your lazy ass would have to get up off the throne and do some work. in florida in 2000 he did this trick which he admits might have been illegal where he asked all of his workers, 8,000 workers in florida, hey, are you for the republicans or democrats. if they said democrats, then they do anything with them. if
tax the rich, tax the rich. look you're allowed to be rich. of course you want to build the largest house. somebody has got to have the largest house. that is not the issue. the issue is this guy then turns around and says this. if any new taxes are levied on me or my company as our current president plans i will have no choice but to reduce the size of this company. that is an obvious threat to his employees you better vote for romney or i'm going to fire you. it appears do you have another...
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Oct 10, 2012
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additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close some corporate loopholes. i want to be honest with people. we can't eliminate this deficit. people have heard that over and over and over in four years. we cannot do it. we're in too deep a hole. but we can cut the deficit in half and move this country back on a path to fiscal responsibility >> 90 seconds, mr. vice president. >> the kerry record on taxes is one basically of voting for a large number of tax increases, 98 times in the united states senate. there's a fundamental philosophical difference here between the president and myself, who believe we ought to let the american people keep more
additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close...
SFGTV2: San Francisco Government Television
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Oct 10, 2012
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and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that waste. and i think we have to look at it through the budget process. so i think it's very important during the budget process -- i wasn't on the budget committee this last year, but i do hope to sit on the budget committee in the next year. and i think that we need to make some of the hard political decisions and that is why i think a lot of waste does continue on the upper level because no one is willing to really take a hard look and make those very difficult decisions. i think that sometimes when you look at programs, i think some of the information that hope johnson mentioned about the sunshine task fo
and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> i'm wolf blitzer. here's a look at what's ahead in the next couple of hours. we're learning new details on what the vice president joe biden is doing to prepare for tomorrow night's debate. also, our john king is focusing in on a key group of ohio voters who could decide the election. and forg funding big bird. what about joe biden's favorite ride? we're talking amtrak. we'll explain. stand by. you're in "the situation room." >>> with just 27 days to go until the election, democrats say mitt romney is running to the political center as fast as he can. among other things, they're pointing to romney's comments today about abortion. here's a quick snapshot. >> mitt romney said "there's no legislation with regards to abortion that i'm familiar with that would become part of my agenda." and that statement doe
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> i'm wolf blitzer. here's a look at what's ahead in the next couple of hours. we're learning new details on what the vice president joe biden is doing to prepare for tomorrow night's debate. also, our john...
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straight ahead, why some people in our area might be slapped with a new gas tax. first, let's talk to tucker barnes. >> all right. it is cool out there. we've got cloud cover and still a little leftover drizzle and fog. it is all on its way out of here. sunshine in the forecast. we'll have details on that and julie wright has a look at the traffic too right after the break. take a away his toys and he'll play with a stick. take away their bikes and they'll still find a way to get where they're going. but if take you away early childhood education... slash k-12 funding... and cut college aid for middle class families ... they won't go far. yet that's exactly what mitt romney wants to do... ...to pay for a $250,000 tax break for multi-millionaires. if mitt romney wins, the middle class loses. priorities usa action is responsible for the content of this advertising. >>> live look outside right now. we've got a big game today. cards and nats at 1:07 p.m. first game in d.c -- i mean the first post-season game in d.c. in decades. >> 79 years? >> yes. >> dave ross is dow
straight ahead, why some people in our area might be slapped with a new gas tax. first, let's talk to tucker barnes. >> all right. it is cool out there. we've got cloud cover and still a little leftover drizzle and fog. it is all on its way out of here. sunshine in the forecast. we'll have details on that and julie wright has a look at the traffic too right after the break. take a away his toys and he'll play with a stick. take away their bikes and they'll still find a way to get where...
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reform instead say tax simplification never say estate tax instead say the death tax. never say capitalism instead say free market out of this is this is the republican mame is to is to is to always go in that direction never say undocumented workers instead say illegal aliens never say drilling for oil instead say exploring for energy never skate school choice and says a sequel opportunity in education and never say health care choice instead say the right to choose so you get at the this is very very systematic manipulation of language in the american political discourse this is the republican game plan laid out and this is the only way they can win elections this and disenfranchising people keeping people from voting voter id laws and things like that but basically this by boiling down often complex issues where the right answer can only be found through rigorous debate and turning them into quick easy to remember catch phrases and buzz words let's eliminate the dead debate around how much people like paris hilton should pay in a state taxes stead just call it a dre
reform instead say tax simplification never say estate tax instead say the death tax. never say capitalism instead say free market out of this is this is the republican mame is to is to is to always go in that direction never say undocumented workers instead say illegal aliens never say drilling for oil instead say exploring for energy never skate school choice and says a sequel opportunity in education and never say health care choice instead say the right to choose so you get at the this is...
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. >> 11 finance ministers in luxembourg agreed to pass a controversial tax on financial transactions. >> the nobel prize for physics goes to the scientists from france and the u.s. >> we began in greece where tens of thousands of angry protesters filled the streets of athens on tuesday to greet german chancellor angela merkel. >> it is her first visit there since the eurozone crisis erupted. she reaffirmed their commitment to keep the debt-ridden state inside your's single currency but offered no promise of further aid. >> a new report on the greek reform process is due next month, and in the meantime, greece is negotiating highly unpopular austerity measures. protesters blamed merkel. >> this morning's peaceful protest turned violent in their early afternoon. police used tear gas to disperse demonstrators. some 40,000 people took to the streets of athens to express their anger with the eu, the austerity measures, and the german chancellor. safely away from the protests, angela merkel said she understood the problems facing many greeks. she promised help as athens performs its health
. >> 11 finance ministers in luxembourg agreed to pass a controversial tax on financial transactions. >> the nobel prize for physics goes to the scientists from france and the u.s. >> we began in greece where tens of thousands of angry protesters filled the streets of athens on tuesday to greet german chancellor angela merkel. >> it is her first visit there since the eurozone crisis erupted. she reaffirmed their commitment to keep the debt-ridden state inside your's...
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. >> these are people who pay no income tax. 47% of people pay no income tax. so our message of low taxes doesn't connect. he'll be out there talking for tax cuts of the rich. so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. >> so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. krystal ball, i don't know. that sounds to me like it's a description of how he would be as president. so my job is not to worry about those people? >> well, he may have contempt for you, but that doesn't mean he's going to act like he has contempt for you when he's president. obviously, when he was in that particular room, he was telling the people in that room that that's exactly who he would be as president. and i think what we see from mitt romney is who he is and what he says is all dependent on the expediencies of the moment. if we had a president romney, he would mostly be held hostage by a republi
. >> these are people who pay no income tax. 47% of people pay no income tax. so our message of low taxes doesn't connect. he'll be out there talking for tax cuts of the rich. so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. >> so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. krystal ball, i don't...
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if that i want to tax something, subsidize what you want and tax what you don't, maybe they should tax really dumb politicians. >> up next, polls turning in governor romney's favor, strongly, some mainstrm media are having a fit, man are turning on the president. we will take that up with the a-team, which is next. liz macdonald. and other file there coming down christopher hahn, next. overmany discounts to thine customers! safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy savet what are you doing? we doth offer so many discounts, we have some to spare. oh, you have a of those homeowrs' discounts? thank you. he took my shield, my lady. these are troubling times in the kinom. more dcounts than we knoweth whato do with. now, that's progressive. lou: joining us now the a-team, good to have you here. let's start with you, this market sole off today, it looks very weak, talking with lewis lehrman earlier, i did not hear a lilt in his face talking about future prospects. >> looks like a little cash taken off the table there, running to t
if that i want to tax something, subsidize what you want and tax what you don't, maybe they should tax really dumb politicians. >> up next, polls turning in governor romney's favor, strongly, some mainstrm media are having a fit, man are turning on the president. we will take that up with the a-team, which is next. liz macdonald. and other file there coming down christopher hahn, next. overmany discounts to thine customers! safe driver, multi-car, paid in full -- a most fulsome bounty...
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he raised taxes. and when he left office in massachusetts, people somehow forgot he left the people in massachusetts with the largest debt per capita in america. now he says he's going to do good with money by cutting taxes by 20% and spending $2 trillion more on the military and $716 billion, even more than ryan or obama proposed, in medicare. i don't know how he does his math, but somebody ought to buy him a $2 calculator. >> governor schweitzer, great to have you with us. >>> the best thing to help prevent crime in cities is to bring opportunity in the inner cities. teach people good discipline, good character. that is civil society. that's what charities and churches do. >> paul ryan and mitt romney say churches and charities are the only antidote to poverty. >>> another is ordering to vote for mitt romney. we'll read the letter where he admits it. >>> and which tape is a better window into mitt romney's window for america, the denver debate or the 47% tape? ahead, my commentary on why this countr
he raised taxes. and when he left office in massachusetts, people somehow forgot he left the people in massachusetts with the largest debt per capita in america. now he says he's going to do good with money by cutting taxes by 20% and spending $2 trillion more on the military and $716 billion, even more than ryan or obama proposed, in medicare. i don't know how he does his math, but somebody ought to buy him a $2 calculator. >> governor schweitzer, great to have you with us. >>>...